Stocks in play: SEMAFO

Announced an inferred mineral resource of 2.2 million ounces of gold at the Bantou Project in Burkina Faso. The resource statement will be published in early March, along with SEMAFO's full reserves and resources statement, which are estimated as at December 31, 2019. Highlights: Inferred mineral resource estimate of 2.2M oz representing 51 Mt at an average grade of 1.37 g/t Au. The largest deposit, Bantou Nord, was discovered in 2019 and totals 1.1M oz of pit-constrained inferred resources, representing 36.1Mt at 0.95 g/t Au with a pit-shell strip ratio of 1:1 Bantou deposit, in addition to 282,000 ounces of inferred open-pit resources, includes 152,000 ounces of underground inferred resources grading 6.66 g/t Au at a cut-off grade of 2.00 g/t Au and remains open at depth. SEMAFO shares T.SMF are trading up $0.16 at $4.37.

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